Owens Minor Inc (OMI) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

SEC Filings

Owens Minor Inc

CIK: 75252 Ticker: OMI

Owens & Minor Reports 1st Quarter Financial Results
    Q1 year-over-year revenue growth of 10%
    Record Q1 GAAP EPS of $0.98 and Adjusted EPS of $1.57
    Raises 2021 Adjusted Net Income per share guidance to $3.75 - $4.25

RICHMOND, VA – May 5, 2021 – Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the first quarter of 2021, as summarized in the table below.

“We're pleased to deliver another quarter of excellent growth on the top and bottom line as we continue to execute on the Owens & Minor business blueprint. Our first quarter results reflect strong operational execution across the company, powered by continued strength in global products and favorable market dynamics including an uptick in elective procedures in March,” said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor. “We also recapitalized our debt structure, thereby improving our strategic and operational flexibility.”

Pesicka added, “We have raised our full-year guidance range for adjusted net income to $3.75 to $4.25 per share. The increased guidance is in light of the strong first quarter performance, our favorable outlook around elective procedures, and improved line of sight toward PPE demand into the third quarter.”

Financial Summary*
($ in millions, except per share data)1Q211Q20
Revenue$2,327 $2,123
Operating Income, GAAP**$146.7$10.8
Adj. Operating Income, Non-GAAP**$162.7$27.4
Income (Loss) from continuing operations, GAAP**$69.6($8.9)
Adj. Net Income, Non-GAAP**$111.5$2.4
Adj. EBITDA, Non-GAAP**$175.6$40.6
Income (Loss) from continuing operations per share, GAAP**$0.98($0.15)
Adj. Net income per share, Non-GAAP**$1.57$0.04
* Adjusted net income and Adjusted net income per share relate to continuing operations.
** Reconciliations of the differences between the non-GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below.
** 1Q21 Adjusted EPS favorably impacted by $0.06 of foreign currency translation compared to prior year.


The following information was filed by Owens Minor Inc (OMI) on Wednesday, May 5, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Owens Minor Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Changes In Accumulated Loss By Component (Details)
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Debt (Details)
Derivatives (Tables)
Derivatives - Narrative (Details)
Derivatives - Summary Of The Effect Of Cash Flow Hedge (Details)
Derivatives - Summary Of The Terms And Fair Value Of Our Outstanding Derivative Financial Instruments (Details)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Narrative (Details)
Discontinued Operations - Schedule Of Cash Flow Information For Discontinued Operations (Details)
Discontinued Operations - Summary Of Financial Results Of Discontinued Operations (Details)
Exit And Realignment Costs
Exit And Realignment Costs (Tables)
Exit And Realignment Costs - Accrual For Exit And Realignment Costs (Details)
Exit And Realignment Costs - Exit And Realignment Charges By Segment (Details)
Exit And Realignment Costs - Narrative (Details)
Fair Value
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Changes In Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets (Details)
Goodwill And Intangible Assets - Narrative (Details)
Income Taxes
Income Taxes - Narrative (Details)
Net Income (Loss) Per Common Share
Net Income (Loss) Per Common Share (Tables)
Net Income (Loss) Per Common Share - Summary Of Calculation Of Net Loss Per Common Share (Details)
Recent Accounting Pronouncements
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - Components Of Net Periodic Benefit Cost (Details)
Segment Information
Segment Information (Tables)
Segment Information - Consolidated Total Assets (Details)
Segment Information - Financial Information By Segment (Details)
Segment Information - Net Revenue By Geographic Area (Details)
Shareholders' Equity
Shareholders' Equity - Narrative (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Schedule Of Cash, Cash Equivalents And Restricted Cash (Details)

Material Contracts, Statements, Certifications & more

Owens Minor Inc provided additional information to their SEC Filing as exhibits

Ticker: OMI
CIK: 75252
Form Type: 10-Q Quarterly Report
Accession Number: 0000075252-21-000098
Submitted to the SEC: Wed May 05 2021 4:12:25 PM EST
Accepted by the SEC: Wed May 05 2021
Period: Wednesday, March 31, 2021
Industry: Wholesale Medical Dental And Hospital Equipment And Supplies

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